By Cara Lombardo and Corrie Driebusch Updated Nov. 25, 2019 8:47 am ET EBay Inc.
is nearing a deal to sell its StubHub ticketing business to Swiss ticket reseller Viagogo Entertainment Inc., according to people familiar with the matter.EBay has owned StubHub since 2007 when it bought the business for $310 million. StubHub, one of the most popular platforms to buy and sell tickets to concerts, sports and other events, accounted for about 14% of the company’s revenue in the third quarter.Copyright ©2019 Dow Jones & Company, Inc. All Rights Reserved.
Source: News Formal (newsformal.com)
*Or roughly two ticket transaction fees
What's eBay? Is that like Myspace?
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